Marvin Mandel, Governor                        1753

the manner of executing and sealing the same, which may be by
facsimile, and shall fix the denomination or denominations of the
bonds and the place or places of payment of the principal and the
interest thereon, which may be at any bank or trust company within
or without the State of Maryland. In case any officer whose sig-
nature shall appear on any such bond, or on the coupons attached
thereto, shall cease to be such officer before the delivery thereof,
such signature shall nevertheless be valid and sufficient for all pur-
poses the same as if he had remained in office until such delivery.
Said bonds may, by any such resolution, be issued in coupon or in
registered form or both, and provision may be made for the regis-
tration of said bonds having coupons attached, as to principal alone
and also as to both principal and interest, and for the reconversion
of said bonds into coupon form if any such bonds shall have been
registered as to both principal and interest. Such bonds shall not be
subject to the provisions of Sections 9, 10 and 11 of Article 31 of the
Code of Public General Laws of Maryland (1967 Replacement Vol-
ume) but said County shall offer said bonds only by solicitation of
competitive bids therefor at public sale. Said bonds may be sold for
such price or prices as may be determined to be for the best interests
of the County, either at, above or below the par value of any such
bonds. Upon delivery of any of said bonds to the purchaser or pur-
chasers thereof, payment therefor shall be made to the Treasurer of
Prince George's County or such other official of the County desig-
nated to receive such payment in a resolution passed by the Board of
County Commissioners for Prince George's County before such
delivery.

In addition to making provision for the above-described terms and
conditions of any group or series of bonds issued hereunder, the
County shall likewise fix the terms and conditions of the public sale
of such group or series of bonds and shall adopt a suitable form of
notice of sale, which shall briefly outline said terms and conditions
in accordance with the provisions hereof by an appropriate resolu-
tion. Said notice shall be published in one or more daily or weekly
newspapers having a general circulation in the County, and may also
be published in one or more journals having a circulation primarily
among banks and investment bankers. At least one publication of
the notice of sale shall be made not less than ten (10) days before
the sale of said bonds. Said notice shall offer said bonds to the high-
est bidder or bidders therefor, and shall state how said highest bidder
or bidders will be determined. Said notice of sale shall specify the
date, place and hour at which bids for said bonds will be received and
opened and the bonds awarded. It shall also specify that each bid
shall be made in writing by a sealed proposal and shall be accom-
panied by a good faith deposit in a fixed or determinable amount as
security for compliance by the bidder with his bid. Said notice shall
refer to this Act as authority for the bonds and shall state the date
of issue of the bonds offered, the total aggregate par amount thereof,
the schedule of maturities thereof, the interest payable thereon, or
the method of determining the same, the purpose to which the pro-
ceeds thereof will be devoted, and the general form thereof, includ-
ing a statement whether said bonds will be redeemable, will be in
coupon or registered form, and whether the same will be registrable
as to principal, or as to both principal and interest. Each such notice
of sale shall also contain a brief summary of the current financial
condition of the County or shall indicate where such a statement